This student activity book and teacher's guide address specific economic terms and concepts correlated to specific student learning objectives. The concepts presented are those essential to any student developing a basic understanding of economics. Each lesson follows a specific format with a basic core of information, comprehension questions, recall questions, questions for understanding of facts and principles, and analysis questions to extend the lesson. The table of contents includes lessons on: (1) "Scarcity"; (2) "Resources of Production"; (3) "Free Enterprise"; (4) "Types of Economic Systems"; (5) "The Basic Economic Questions"; (6) "Demand"; (7) "Supply"; and (8) "The Law of Supply and Demand." (EH)